Property Rates in Matunga East, Mumbai

Property prices in Matunga East, Mumbai have shown some fluctuation over the past year. From June 2025 to March 2026, the average asking price per sq ft moved from ₹49,946 to ₹49,117. Notably, the micromarket rate saw a significant increase from ₹28,731 in June 2025 to ₹46,372 in March 2026, suggesting varied performance across different sub-regions within Matunga East.

As of March 2026, the average asking price in Matunga East, Mumbai stands at ₹49,117 per sq ft, while the Government Registration Rate is recorded at ₹33,450 per sq ft. This indicates a notable difference, with asking prices being higher than the registered rates, which is common in active real estate markets.

Property rates vary across neighborhoods in Matunga East, Mumbai. As of March 2026, areas like Matunga West show an average rate of ₹48,971 per sq ft with a depreciation of 1.16% from the previous period, while Matunga reports ₹48,957 per sq ft with a slight depreciation of 0.32%. In contrast, Wadala has seen an appreciation of 5.13% to reach ₹37,225 per sq ft, and Antop Hill has appreciated by 8.82% to ₹33,080 per sq ft, indicating diverse market dynamics.

As of March 2026, the average price for apartments in Matunga East, Mumbai is ₹49,117 per sq ft. This segment has seen an appreciation of 0.89% compared to the previous period, reflecting steady demand for apartment living in the locality.

In Matunga East, Mumbai, Ready To Move properties had an average price of ₹39,399 per sq ft as of March 2026, showing a depreciation of 0.52%. Under Construction properties, on the other hand, were priced at an average of ₹46,366 per sq ft, appreciating by 2.11%. This suggests a premium for properties that are immediately available for occupancy, though under-construction projects are also showing positive growth.

As of March 2026, Sugee Paavan in Matunga East recorded the highest transaction activity with 2 transactions and a current rate of ₹50,000 per sq ft, appreciating by 8.13%. Shree Nidhi CHS also saw 2 transactions at ₹37,752 per sq ft. Shantiniketan Apartments Matunga had 2 transactions but depreciated by 10.68% to ₹37,235 per sq ft.

As of March 2026, Shantiniketan Apartments Matunga leads in terms of sale value in Matunga East, with a total transaction value of ₹14.94 Cr and a rate of ₹37,235 per sq ft, despite a depreciation of 10.68%. Indu Villa follows with a value of ₹6.21 Cr at ₹35,956 per sq ft, and Sugee Paavan is valued at ₹5.7 Cr with a rate of ₹50,000 per sq ft, showing an appreciation of 8.13%.

Rajasthan Construction Pvt Ltd leads in transaction volume in Matunga East with 3 transactions. Following them are Goshar Alliance LLP and Sugee, each with 2 transactions. Other developers like Ojal Developers LLP, Hubtown, Alliance City Developers Realtors, Manilal Keshavlal Saraiya Trust, Satra Properties India Ltd, and Gold Star Builders and Developers each recorded one transaction in the period.

As of March 2026, the average rental rate in Matunga East, Mumbai is ₹149 per sq ft. This indicates a significant appreciation of 11.19% for apartments in the locality compared to the previous period.

Matunga East, Mumbai offers a rental yield of 3.64% as of March 2026. This figure represents the annual return an investor can expect from rental income relative to the property's capital value. A 3.64% yield suggests that while capital appreciation might be a primary driver, rental income provides a supplementary return on investment.

In Matunga East, Mumbai, rental rates vary significantly by BHK configuration as of March 2026. Studio apartments average ₹36,667 per month, 1 BHKs are around ₹57,967 per month, 2 BHKs command approximately ₹1.22 Lakh per month, 3 BHKs reach ₹2.51 Lakh per month, and 4 BHKs are listed at an average of ₹3 Lakh per month. This progression highlights the increasing demand and value for larger living spaces.

Among the micromarkets near Matunga East, Mumbai, Kasaravadi shows the highest average rental rate at ₹231 per sq ft as of March 2026. Matunga West follows with ₹168 per sq ft, and Matunga reports ₹160 per sq ft, which has appreciated by 8.11%. These areas command premium rents, likely due to their desirable locations and amenities.

As of March 2026, Kesar Horizon in Matunga East has the highest rental rate at ₹160 per sq ft, with no change in rate. Gurukul CHS Matunga is listed at ₹155 per sq ft, and Earth Building shows a rate of ₹154 per sq ft, having appreciated by 32.76%. These projects represent some of the premium rental options available in the locality.

As of March 2026, projects in Matunga East exhibit a wide range of listing rates. Godrej Five Gardens leads with a listing rate of ₹70,387 per sq ft, showing an appreciation of 5.88%. Rustomjee La Sonrisa is listed at ₹60,321 per sq ft, appreciating by 2.69%. Other projects like Ikebana and Alliance Legacy are also among the higher-priced listings, at ₹55,759 per sq ft and ₹55,556 per sq ft respectively.